COIMBATORE: The Corporation has revised to Rs 9,989.94 lakh the cost estimate to lay and repair 176 km of road in the city. The revision was made on instructions from Tamil Nadu Urban Infrastructure Financial Services Limited (TNUIFSL) at a recent meeting.
After verifying the detailed project report (DPR), the TNUIFSL asked the Corporation to revise the earlier estimation of Rs 100 crore to Rs 9,989.94 lakh.
At an urgent council meeting on May 28, the Corporation Council had okayed the estimate of Rs 100 to renovate and lay roads.
Under the project, the civic body take up renovation of roads damaged while laying underground drainage pipes, drinking water pipes, phone lines and cables and during the rains. Laying of new roads in the areas merged with the Corporation were also included in the project.
The Corporation Council meeting, held on May 28, requested TNUIFSL to release credit to carry out the road renovation. However, the works will be carried out with financial assistance from German banks or with World Bank help through the Tamil Nadu Urban Development Fund (TNUDF).
Corporation sources said 138 works would be carried out in five zones. The maximum amount, at Rs 2,969.4 lakh, has been allotted to the South Zone for work on 45.11 km of road,” said a Corporation source.
However, to renovate over 50 km of road in the East Zone, the civic body has drafted an estimate amount of only Rs 1,934.54 lakh.